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June 26, 2017, 10:50 [KST]


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NABO in the Press

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Seoul already paying enough for USFK
The Korea Times - January 24, 2017
According to the National Assembly Budget Office report released in 2013, the percentage of Japan's GDP spent on defense cost sharing with the U.S. in 2012 stood at 0.064 percent, while the figure for South Korea reached 0.068 percent. Germany's defense cost sharing burden stood at a much smaller 0.016 percent of its total economy. The report noted that the percentage of Tokyo and Berlin's GDP spent on defense cost-sharing was smaller than that of Seoul's, although the two nations have larger economies.
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State debt growing at alarming pace
The Korea Times - January 22, 2017
According to the National Assembly Budget Office, government debt, which includes those of central and local governments, stands at 641 trillion won ($580 billion) as of Sunday, up 2.5 trillion won from the end of last year. It is expected to increase to 682.4 trillion won by the end of this year, meaning each Korean is shouldering 12.5 million won in state debt.
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S. Korea mulls disclosing defense spending to deflect U.S.' calls for bur...
YONHAP NEWS - January 15, 2017
On spending, the National Assembly Budget Office report in 2013 showed South Korea spent 836.1 billion won (US$711.2 million) to support U.S. forces in the previous year, while corresponding numbers for Japan and Germany stood at 4.4 trillion won and 600 billion won, respectively.

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Public workers’ salary up, along with benefits
KOREA JOONGANG DAILY - January 4, 2017
A report from the National Assembly Budget Office said the average yearly pay at 119 public and state-invested agencies came to just over 70 million won. It is 4.9 percent higher than the previous year, the biggest hike rate since 2012.

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Effect of fiscal spending to weaken next year: report
YONHAP NEWS - December 26, 2016
The National Assembly Budget Office said in the report that the impact of fiscal spending on the country's gross domestic product and job creation has been on the decline since 2014 and is expected to lose more momentum in the coming year.
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